According the Employment Ordinance (Cap. 57)‚ Bluestate Limited have a right to use the Summary Dismissal can dismiss Emma and the company. Here will discuses the reasons. First‚ “willfully disobeys a lawful and reasonable order” (Employment Ordinance (Cap. 57)‚ 2016). Emma was late to work oftentimes. The company was given her two written warning letter and seriously stated that this was the last warning for her‚ if she still haven’t any improve‚ the company will be dismiss her. After she received
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business organization? The three main forms of business organization are (1) sole proprietorships‚ (2) partner-ships‚ and (3) corporations. In addition‚ several hybrid forms are gaining popularity. These hybrid forms are the limited partnership‚ the limited liability partnership‚ the professional corporation‚ and the s corporation. B. (2) What are their advantages and disadvantages? The proprietorship has three important advantages: (1) it is easily and inexpensively formed‚ (2) it is subject
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A Seminar Report On “JOINT VENTURE TECNOLOGIES AND GLOBAL COMPETITION” Submitted To PUNJABI UNIVERSITY‚PATIALA “MASTER of Business Administration” Submitted To: - Submitted By: - Ms. Azizinder sekhon Gurpreet
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1.2 Advantages and Disadvantages of private/public sector partnership. Introduction The effective management of tourism at destination level can only truly be achieved through partnership‚ due to the number and complexity of stakeholders. For a long time‚ national and local governments have talked about partnership as a means to increase joined-up thinking and public/private sector involvement. The tourism sector‚ because of the nature of the work in engaging the private sector and working across
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Forms of Small Business Ownership Chapter 8 Three business ownership choices: 1.Sole Proprietorship 2.Partnership 3.Corporation Sole Proprietors hip A business owned and operated by a single person. What are the Advantages of Sole Proprietorship ? Advantages of Sole Proprietorship Ease and Cost of Formation Distribution and Use of Profits Control of the Business Government Regulation Taxation Closing the Business What are the Disadvantages of Sole Proprietorship? Disadvantages
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association‚ partnership or union that carries on a commercial or industrial enterprise. Generally a company may be a corporation‚ partnership‚ association‚ joint stock company‚ trust‚ fund or organised group of persons‚ whether incorporated or not and (in an official capacity) any receiver‚ trustee in bankruptcy or similar official or liquidating agent for any of the foregoing. More specifically we can state a company as either one of four distinct business organisations‚ Sole Trader‚ Partnership‚ Private
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sole proprietorship as the profits and operations are limited. As the sole proprietor‚ the individual gets a business license and begin operations. This type of business would want to limit their expenses or profit sharing and is best operated under the sole proprietorship. Partnership A partnership is a form of business which is somewhat similar to sole proprietorship but with two or more owners. Just like sole proprietorship‚ the partnership is inseparable from its owners‚ which means the name
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ability to have complete control over business affairs‚ increased personal income‚ and simpler government regulations to follow. The disadvantages are the unlimited liability the owner has‚ the possibility of losing personal assets invested‚ and limited life (Fay‚ 1998). An entrepreneur must be willing to take risks when venturing out to start a new business on their own. Time‚ money‚ and hard work must all be invested in order to start a sole proprietorship considering the fact that the owner is
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Task One Comparison between the different organisations and their financial statements The International Accounting Standards Board is the independent‚ accounting standard-setting body of the IFRS Foundation.[1] It is responsible for developing and promoting the use and application of these standards. Trading Profit and Loss Account: A company keeps different types of financial records in order to monitor their performance and ensure that their taxes are paid. These will include cash flow
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Legal regulations. i) What are we going to be if we colabarate with Jawbone:- Limited liability partnership Why? Because we are building a partnership with a company in which both parties have limited liabilities. It therefore exhibits elements of partnerships and corporations. In an LLP‚ one partner is not responsible or liable for another partner’s misconduct or negligence. All partners have a form of limited liabilitysimilar to that of the shareholders of a corporation. ii)
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